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Women’s Financial Inclusion: Are Funders Moving the Needle?

Many countries with significant funding for women’s financial inclusion are seeing a widening gender gap. What does this mean for funders?
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Is Funding for Rural Finance Going Where It’s Needed Most?

Global funding for rural finance has risen to nearly $5 billion. Are funds reaching communities with the greatest needs?
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Who’s Getting Financial Inclusion Funding in Sub-Saharan Africa?

Funding for financial inclusion in Africa has reached $4.7 billion, up 270 percent over the past several years. So which countries are getting the most funding? And are these investments making a difference?
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5 Highlights in Financial Inclusion Funding

Funder commitments to financial inclusion reached a historic high of $37 billion in 2016. See what else the latest CGAP funder survey reveals.
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New Trends in Global Funding for Financial Inclusion

What direction is funding for financial inclusion headed? The results are in from the annual CGAP and MIX Cross-Border Funder Survey.
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Regional Trends in International Funding for Financial Inclusion

International funding for financial inclusion varies greatly across regions.
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Top Five Takeaways from CGAP’s 2015 Funders Survey

The CGAP Funders Survey found that international funding for financial inclusion reached $31 billion in 2014.
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International Funding for Financial Inclusion: What's New?

CGAP estimates that in 2013 international funders committed at least $31 billion to support financial inclusion, representing an average growth rate of 7 percent per year between 2011 and 2013.
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Investing in MENA’s Entrepreneurs: What is Really Needed?

A recent study by Wamda Research Lab highlights challenges preventing startups in the Middle East and North Africa from growing. One of the obstacles is access to appropriate funding.
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Funding 2.0: Building Inclusive Financial Markets

Building a financial market that serves the poor requires more than supporting institutions. It also requires coordinating underlying elements - such as educating consumers, drafting appropriate laws, and building capacity in organizations.
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Recognizing Two Approaches to Balancing Returns in Microfinance

If microfinance is to rely on impact investors to fund its future growth, it's crucial that it build credibility with both financial-first and below-market investors. Without clearer and more accurate investment propositions, microfinance could progressively alienate all its investors.
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MSMEs: Big Opportunity In Small Lending

Access to finance is the most significant obstacle to business growth globally (16.2%) and experts estimate that there are 310 to 380 million enterprises that need more credit but can’t access it, with collective needs totaling $2.1 to $2.5 trillion.
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Transparency In SME Investments: We’re Not There Yet

Despite evidence of financial and impact tracking, most DFIs do not disclose data on financial performance. Reporting on social impact is even harder to obtain. We are a long way from full transparency.
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New Directions for Funders: Insights and Perspectives

How can funders balance the need for flexibility and accountability requirements with partners while ensuring effective outcomes? The answer lies in defining a monitoring and impact evaluation system that includes a "theory of change," quick feedback loops and reasonable assumptions.
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Market Building Through Financial Sector Deepening In Africa

How do we support a market building approach in practice? The current advice is to either become a market facilitator or fund one. But what is a market facilitator; what do they do?
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USAID’s Approach To Developing Market Systems

Market systems are dynamic and changes stimulated by projects are rarely linear, making it difficult to match each activity with a single output and outcome. Rather, activities can generate multiple outputs, and outcomes are interconnected and can occur at different points in the market system. Moreover, traditional M&E approaches tend to emphasize baseline and end line indicators such as volumes and values of production, productivity, income. However, we found that changes in relationships, interactions and behaviors of market actors were much better indicators of sustainable change. Yet these indicators are more challenging to capture.
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Solutions For Building More Effective Market Systems

Market systems are complex, and it's nearly impossible to predict their future outcomes. Can setting concrete goals be too limiting?
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Where The Wild Things Are: Measuring Market Development Progress

Being able to measure and demonstrate progress are critical issues as taxpayers and other funders of donors and DFIs require explanations and justifications of the use of their limited resources. A handful of donors are starting to experiment with different tools for measuring progress in agricultural and other non-financial markets. It is difficult work, especially when attempting to measure attributable and sustainable changes to a market system.
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Why And How Should We Measure Progress In Market Development?

With increasing scrutiny of aid budgets in donor countries, the pressures to prove impact of development programs are higher than ever before. It is relatively easy to assess impacts in a backward-looking fashion when there is already some record of progress, but measurement challenges are more daunting at the start of a program, when impact assessment needs to be forward-looking.
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Taking Market Development Approaches to Financial Access

How can aid agencies begin to ‘take’ market development thinking and practice into their efforts to enhance financial services for poor people? Drawing from wider experience, here are five basic starting points to consider.